Swiss National Bank Increases Stake in BWX Technologies, Inc. (NYSE:BWXT)

Swiss National Bank grew its stake in BWX Technologies, Inc. (NYSE:BWXT) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 210,200 shares of the technology company’s stock after buying an additional 800 shares during the quarter. Swiss National Bank owned 0.23% of BWX Technologies worth $11,321,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BWXT. Total Clarity Wealth Management Inc. acquired a new stake in shares of BWX Technologies during the 3rd quarter worth about $32,000. Fifth Third Bancorp raised its position in shares of BWX Technologies by 47.1% during the 3rd quarter. Fifth Third Bancorp now owns 809 shares of the technology company’s stock worth $44,000 after acquiring an additional 259 shares in the last quarter. Herold Advisors Inc. acquired a new stake in shares of BWX Technologies during the 3rd quarter worth about $47,000. Selective Wealth Management Inc. raised its position in shares of BWX Technologies by 21.5% during the 3rd quarter. Selective Wealth Management Inc. now owns 1,215 shares of the technology company’s stock worth $65,000 after acquiring an additional 215 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of BWX Technologies during the 2nd quarter worth about $201,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

BWX Technologies stock opened at $48.30 on Friday. The company has a debt-to-equity ratio of 2.17, a current ratio of 2.05 and a quick ratio of 2.05. BWX Technologies, Inc. has a 1-year low of $45.50 and a 1-year high of $68.68. The company has a market cap of $4.45 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.73 and a beta of 1.04. The stock’s 50 day moving average price is $49.14 and its 200 day moving average price is $53.98.

BWX Technologies (NYSE:BWXT) last posted its quarterly earnings results on Monday, November 1st. The technology company reported $0.76 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.03). BWX Technologies had a net margin of 12.19% and a return on equity of 42.47%. The business had revenue of $499.00 million during the quarter, compared to analysts’ expectations of $535.22 million. During the same quarter last year, the firm earned $0.79 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that BWX Technologies, Inc. will post 3.06 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 10th. Investors of record on Friday, November 19th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, November 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.74%. BWX Technologies’s dividend payout ratio (DPR) is presently 31.46%.

Several equities research analysts have recently weighed in on BWXT shares. Maxim Group raised their target price on BWX Technologies from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Tuesday, December 14th. Truist cut their target price on BWX Technologies from $77.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, November 2nd. Barclays cut their price target on BWX Technologies from $57.00 to $53.00 and set an “underweight” rating on the stock in a research report on Monday, November 8th. TheStreet lowered BWX Technologies from a “b” rating to a “c+” rating in a research report on Thursday, September 30th. Finally, Truist Securities lowered their target price on BWX Technologies from $77.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, November 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $65.20.

In other BWX Technologies news, CFO David S. Black sold 1,000 shares of the business’s stock in a transaction on Thursday, November 11th. The stock was sold at an average price of $52.54, for a total transaction of $52,540.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robb A. Lemasters bought 5,000 shares of the firm’s stock in a transaction on Friday, November 26th. The shares were purchased at an average price of $48.99 per share, for a total transaction of $244,950.00. The disclosure for this purchase can be found here. 0.40% of the stock is owned by insiders.

BWX Technologies Profile

BWX Technologies, Inc engages in the supply and provision of nuclear components and products. It operates through the following business segments: Nuclear Operations Group, Nuclear Services Group and Nuclear Power Group. The Nuclear Operations Group segment focuses on the design and manufacture of equipment for nuclear applications.

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Institutional Ownership by Quarter for BWX Technologies (NYSE:BWXT)

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